12/22/2008 Part 3/3 Peter Schiff: Where To Put Your Money

[sosdkny]

Gabelli is a perma bull. Take a look a at the GAB trust 10 yr track record. How can this guy give advice.

[pepsimannampepsi]

Peter Schiff is the only person on T.V. with an incredible record.

[return135]

Larry's giving Peter some well deserved respect.

[PairoftheSocks]

Yeah, cause economics is painting. WE ARE DOOMED!!!

[dodododa]

"I like the banks..." Jack Gage is going broke.

[fuckoff187]

@dodododa take bank of america...it quadrupled..banks were a great place in 2009

[dsglop]

The only reason they keep pete around is because he's funny.

[biohazardpwns]

Personally I would invest in Silver so I can make good bullets out of them. You never know!

[Lingerfoot]

Ron Paul and/or Jesse Ventura - 2012

[boldrdash]

Stupid white men!

[aamicfe86]

What? Ha.

[sallyos06460]

BRAVO LMOA! Get the hell out of U.S stocks. I mean really corporate governmental media does NOT want you to know how to protect your hard earned money. Cut the guy off, shut him up, dont tell the people the truth. LOL. You go Schiff. This guy warms me through.

[cyalaterthan]

could anyone tell me how to invest in the oversea's markets as a canadian

[abang90]

Open an account with interactive brokers, you can literally trade anything, and everything, on every exchange accross the globe.

[wreckerpecker]

I have the same attitude as Schiff - I can't see doing anything here in the US as good, until the system is either changed or abolished. In the world the way it is, you either play this poker game, do the janitorial duties, or you are the house.

[experimentsingeekdom]

Absolutely.

[tomdamho]

mario is reactive becuz he doesnt know anything and doesnt want to look stuiped

[farhadcoyote]

Mario is reactive because he has the attitude of a used car sales man. They have to bring in new people agaisnts Peter Schiff because all the other monkeys made too many wrong statements and lost credibility. This monkey (Mario) will not be called back on the show I will give him a couple of months.

[experimentsingeekdom]

Mario is an IDIOT.

[madhuradi]

how idiotic! Bond prices at historic lows!

these pied pipers are so sure that Ben Barnacles would rise interest rates once the economy is up and running to tame inflation

So if anyone buys bonds at 2.25%[ inversely top prices] is the greater fool[chump!] of present time.He will be toast once rates rise

I don't think any bond trader would be that insane to put money in

This is Fed by Proxy,that's all

We are supposed to know that only by 2018 Remember Madoff running around for last 10 years

[madhuradi]

lesson to learn from Japan is that you cannot get out of monetary easing with existing status.

If japan raises rates, all those people still holding carry trade positions will have to revert and that would be catastrophic to yen as an exporter's currency.

So, longer the rates stay at 0% people will make decisions in plenty which will be disastrous later

Moreover US is 75% imported consumption.

Game over unless there is a bigger crisis to attend to!

[experimentsingeekdom]

Which means you are looking the GDP at least cut in half before this recession is over.

[EMPIRE0FLIES]

Capelli, Gage, Something tells me they are hired actors.

[justgetsome]

the love youtube, i can skip through the idiots and just watch Peter.

[italia4356]

peter killed it, one of his best interviews. I think the recent tv interview prediction coming to reality is having a big affect. Peters the man!

[thinkrevolution]

buy gold, guns, and food

[korrdxl]

Ammo probably wouldn't be a bad idea too.

[Kindermisshandlung]

RTL NEWS

blaueweihnachtsmaenner . blogspot . com

[adampeart1]

sweet, new footage for the "Peter Schiff was right 2010" youtube montage.

[highroller12208]

He likes banks.

[wondnaereh]

what we need is a single currency that the whole world can use.

[fishbuc11]

Heck no. We need to get away from Central Banking and Central Planning and Big Government.

[lidixmang]

yeah, like graham crackers or something..

[highroller12208]

like gold?

[wondnaereh]

digital money.

[john5246]

digital money means the same "out of thin air" money creation. A lot of money today is actually digital, why print it when it costs $0.9c to print a bill when you can make it digitally for free.

[adampeart1]

please tell me you're being facetious.

[wondnaereh]

of course.

[mreisma]

that grey haired guy is a fool trying to make money for his own u.s. stocks related fund.

[jvittetoe]

"GOLD IS REAL MONEY"

[jeffcaldwell2]

arent u supposed to invest in as many stocks as possible to not lose all your money? doesnt that mean that you "paint with a rolling brush" instead of using a "scapula?"

[jeffcaldwell2]

"scalpel*"

[aires12345678]

the Federal Reserve is a privately owned, for-profit corp.; a natural question would be: Who OWNS our u.s currency? 1) The Rothschild Family-London 2) The Rothschild Family-Berlin 3) The Lazard Brothers-Paris 4) Israel Seiff-Italy 5) Kuhn-Loeb Company-Germany 6) The Warburgs-Amsterdam 7) The Warburgs-Hamburg 8) Lehman Bros-New York 9) Goldman & Sachs-New York 10) The Rockefeller Family-New York

[Demian164]

white hair had a point though. i think peter is right when he says get out of america but he doesnt have any specific advice either, hes just saying "singapore" "japan"

[sbmillionair]

well that's what europac does.

[jeffcaldwell2]

arent u supposed to invest in as many stocks as possible to not lose all your money? doesnt that mean that you "paint with a rolling brush" instead of using a "scalpel?"

[LibertyOrBust]

If you don't know what you are doing you use the rolling brush. If you do, you use the scalpel.

You are young, learn to use the scalpel. Start with Stan Weinstein's "Secrets for Profiting in Bull and Bear Markets" If Peter Schiff had read this book he would not have gotten crushed in commodities and foreign stocks this year. Read it now and 2 years into the next bull market (or continued bear market) you will never have to work again.

[jeffcaldwell2]

actually, i just re-watched peter's interview from 2002 and he lists out his specific investments if you watch the WHOLE video.

type in on here peter schiff 2002 and u will see.

[LibertyOrBust]

Yes, that is an interesting interview from 2002 but it still exposes his weakness in managing these long term trends to full fruition. This is why he sold out of technology in the mid 90's and held foreign stocks and commodities over the current peak to massive losses. I like him but we as individuals can manage these long term trends much better. His last sentence is "sell out to the next group of suckers" but he has not demonstrated the ability to do that.

[LibertyOrBust]

At the end of the day, Peter is a money manager just like the ones he derides in that video. As individual investors we should keep that in mind.

Please see my other comment beginning with "I like how he differentiates", I think I replied with that to the wrong post.

[RPFS2008]

You only get crushed if you invested before all the de-leveraging began(and sell). We are talking about mid-long term investment here. Gold etc will go through the roof in the coming years, esp. if the gov/fed continue to what they are doing.

[LibertyOrBust]

Yes, we are on the same side with similar outlooks. Peter admits he was crushed this year. I'm saying with the same outlook and time horizon, this book helps you navigate the long term trends. In this way the white hair guy is right when he says "and I could have bought Wrigley's and been all in cash" meaning he kept his gains while a silver investor is down 50% form the highs, oil 75%. Peter's outlook and this book are a great compliment to each other if you work to use the scalpel.

[LibertyOrBust]

I like how he differentiates between investor and speculator using the dividends to show "real" earnings. But at the same time to use a phrase like "sell out to the next group of suckers" shows how the distinction between a speculator and investor is thin indeed. Of course there is the extreme of the daytrader vs. buy and hold investor but in between there is no clear dividing line.

[experimentsingeekdom]

Buy and Hold is also speculating...you are still looking to find a bigger sucker. ALL investors are speculators too. Also, even if you don't "invest" in anything, holding plain old cash is speculation these days too, as you don't know which currency is gonna lose how much purchasing power.

[cyalaterthan]

if you invest for dividends that would be considered investing than

[experimentsingeekdom]

But you are still speculating like for e.g., which company pays better dividend for a given amount invested, or how stable a company is so it doesn't go under and drown ur investment and dividends, etc. Think about this a bit in depth, and you'll find that life itself is an enterprise in speculation.

[cyalaterthan]

true enough

[adampeart1]

Peter's not a "get rich quick" kind of investor.

[LibertyOrBust]

Yes, neither am I and neither is the book. It fills in a major gap in Peters management of his outlook, the gap he admits to having as it seeks a proper view of long term trends. So you can maintain the long term outlook but trade the multi year trends within that outlook. For instance instead of just holding my silver "long term" I was able to hedge it with futures and use the profits to buy more. Silver entered a long term downtrend in July. Peter missed it.

[LibertyOrBust]

Pretty shocking I get red thumbs from this comment. If you are so in love with Peter you can't accept a suggestion to improve retuns on his outlook, to manage his weakness of being single minded, to control the time factor of the forecast... I refer to my statement... "If you don't know...you use the rolling brush. If you do, the scalpel." I agree with Peter 100% but it does not mean I would follow him of a bridge. Time is a funny thing, 50 yrs ago people said same thing. Many ups and downs.

[ohio1998]

I'm a Peter Schiff fan, and I'm sorry people gave you a thumbs down. I got you back to -2 thumbs. :) I listen to everyone's advice. I never thought the dollar would bounce this high! All commodities are dirt cheap right now. I'm buying!!!

[LibertyOrBust]

Thanks ohio. Oil getting crunched again this morning. Amazing. Yet there sits gold. Last man standing.

[InTheSticks1881]

Those gus are all fluff. These 'optimists' are overflowing with optimism and it all sounds too good to be true. Why not put on some middle of the road types? Is it that Kudlow has to try to balance Schiff's gloomy message to keep up ratings?

[MooseOfReason]

Peter should've had more time to speak.

[devilmirror]

Thank you Peter for not telling your specific stocks that you recommend. Let's those tards figure it out by themselves.

[SolitonPL]

Scam of the century and All Seing Eye! I don't think that this is coincidence ;).

[puffyDK]

Am I the only one who is just sensing a complete lack of credibility in these two optimists? I mean the bob barker lookin guy just reminds of a gypsy woman tryin to sell me a 10 dollar Rolex on the street...

[faramir44]

chocolates ??!!!

good god

idiot

[faramir44]

nope

[ohio1998]

I'm on the 33%, 33%, 33% plan.

33% cash

33% silver

33% dividend paying stocks

[moneynest]

no point holding the dollar

[ohio1998]

Got to use that money to eat. 7-11 doesn't except Silver Eagles........yet.

[CBound]

Better to make that 25%, 25%, 25% and 25%. The same as your plan, but with gold added.

[ohio1998]

I can't afford gold. :( I'm a poor GIS Analyst. I could afford those 1/20 ounce Gold Eagles, but then I'd loose them! I'm a small player. I do own gold stocks like Freeport McMoran and Yamana. I also own Pan American Silver Corp.

[therealcaptobvious]

buy land. it can't depreciate.

[ohio1998]

Yes and no. It depends where you buy it! I have lots of land in the Everglades I can sell you!

[Luphrecio]

oh man shut that old white haired guy up, what the hell "paint with a scalpel" SHUT UP. . .fucking idiot.

[bhavin313]

I agree. White hair fuck head.

[ohio1998]

Holy shit, banks? Overleveraged companies? Those two are fucked.